Table 63 -Refer to Table 6

question 200

Multiple Choice

Table 6.3
$$\begin{array}{l}\text { Table } 6.3\\\begin{array} { c c c c } \text { Product } & \begin{array} { c } \text { Quantity in } \\\text { market basket }\end{array} & \begin{array} { c } \text { Price in } \\\text { base year } ( \$ ) \end{array} & \begin{array} { c } \text { Price in } \\\text { current year } ( \$ ) \end{array} \\\hline \text { Bread } & 10 & 1.00 & 1.50 \\\text { Milk } & 5 & 1.00 & 2.00 \\\text { Gum } & 50 & 0.20 & 0.50\end{array}\end{array}$$
-Refer to Table 6.3, which shows the current and base-year prices of different goods in a market basket. The consumer price index (CPI) for the base year is _____

• A) 100 percent.
• B) 50 percent.
• C) 1 percent.
• D) 200 percent.

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Definitions:

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